Short-Term Home Loans
Own Your Home Outright Years Sooner
Why stretch payments over 30 years when you could be debt-free in 10? With DFCU short-term mortgages, you'll pay off faster, save thousands in interest, and enjoy rates as low as 5.74% APR—all with local servicing and no mortgage insurance when you put 20% down.
Build Equity at Lightning Speed
A short-term mortgage is designed for people who want freedom from debt sooner rather than later. Payments are higher, but the benefits are immediate and lasting:
10-year fixed at 5.74% rate
(6.331% APR).
Massive interest savings
Compared to 20- or 30-year loans.
No mortgage insurance
Required with 80% LTV or less.
Local servicing
For the life of your loan.
Perfect for homeowners who value financial independence over lower monthly payments.
Flexible Term Options
Every financial journey is unique, so we offer short-term structures to match. Whether you're downsizing, refinancing, or ready to retire, there's an option that fits your timeline.
5-year fixed
For the most aggressive payoff.
7/1 ARM
For a lower entry rate if you'll sell or refinance soon.
10-year fixed
For predictable payments and steady equity growth.
Available for purchases, refinances, or remodel projects.
Choose the path that lines up with your goals, not your lender's calendar.
Smart Strategy With ARM Loans
For some borrowers, a 7/1 Adjustable-Rate Mortgage provides the perfect balance of savings and flexibility. It locks in a lower rate for seven years, then adjusts annually. If you expect to sell or refinance before adjustments kick in, this can maximize your buying power today while keeping payments low.
Fixed for 7 years
At a competitive starting rate.
Adjusts annually after year 7
Based on index + margin.
Lower initial cost
Than a 10-year fixed option.
Great for transitional life stages, career relocations, or shorter-term plans.
Who Benefits Most
Short-term mortgages shine when life goals demand speed and security. They're especially valuable for:
Near-retirees
Seeking a mortgage-free retirement.
High earners
Leveraging income to eliminate debt quickly.
Refinancers
Well into their existing mortgage who want to finish strong.
Disciplined savers
Committed to long-term wealth building.
Trade bigger payments now for complete freedom in the near future.
Real Payment Examples
The math makes the choice clear:
$180,000 loan (10-year fixed):
$1,998.37/month.
Same loan over 30 years:
More than $150,000 extra in interest.
7/1 ARM option:
$1,079.19/month for the first 84 months.
Every dollar you put in builds equity instead of feeding interest.
Why Pay Your Lender for 30 Years When 10 Will Do?
Short-term mortgages aren't for everyone, but for those ready to build wealth aggressively and pay off debt quickly, they're unmatched. With competitive rates, flexible terms, and Utah-based support, DFCU helps you secure financial freedom on your timeline.
Become a Member Today
Become a Member Today
LDS Members and others are welcome to join us as members.
Save More, Stress Less
Save More, Stress Less
Earn Top Rates with Our High-Yield Savings—No Fees, No Fuss.
APR = Annual Percentage Rate. 10-year fixed shown at best available rate. 7/1 ARM fixed for 84 months, then adjusts annually. No mortgage insurance with 80% LTV or less. Payment examples exclude taxes/insurance. Credit approval required. Membership and eligibility required. NMLS #403075.